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24502 Bendricon Lane, Lake Forest, CA 92630
$3,750,000
24502 Bendricon Lane, Lake Forest, CA 92630View this property at 24502 Bendricon Lane, Lake Forest, CA 92630
24502 Bendricon LaneLake ForestCA92630
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Property Description
Pleased to present 24502 Bendricon Lane, a turnkey 8 unit apartment complex located in the desirable city of Lake Forest. Built in 1977 and renovated in 2023, this immaculate property has received an enormous amount of recent improvements including fresh exterior paint, new asphalt slurry of driveway and parking, all new windows and sliders and beautiful landscaping. This rare opportunity is one of only 15 apartment complexes between 5-30 units in the entire city. The property contains a preferred unit mix of 1 & 2 bedrooms which all have been dramatically upgraded with high end finishes and sleek, modern designs. The building offers in-demand amenities such as patios & balconies for each unit, air conditioning, a community laundry room and ample parking options with 13 total parking spaces mixed between garages, carports, and open parking spaces. A sizeable lot of 17,860 sq.ft. provides tremendous open area for tenants and could be potential space to add ADU's (Accessory Dwelling Units). This asset is primed for the passive investor looking to generate immediate cash flow without the need for additional capital or managing the headaches of renovations and upgrades.
Full Property Details
Full Property Details for 24502 Bendricon Ln
General
- Sold For: $3,750,000
- Status: Closed
- Type: Multi-Family
- MLS ID: PW23149699
- Added to Site: 276 day(s) ago
Rooms
Other Rooms
- Laundry: Community
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 5
- Parking Features: Assigned
- Parking: Assigned
Location
- Area: 699 - Not Defined
- County: Orange
- Development Name: 699 - Not Defined
- Driving Directions: El Torro Rd and Muirlands Blvd are the major cross streets.
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 9
- # Electric Meters: 9
Structural Information
- Entry Location: 1
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 6,626
- Year Built: 1977
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Number of Units: 4
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 4
- Number of Units: 2
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.41
- Lot Size Source: Assessor
- Zoning: R-2
- Lot Description: Cul-de-Sac
Financial Considerations
- Price Per Sq. Ft.: $565.95
- Price Per Unit: 494375
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
Listed by Morgan Skenderian, Rick Applebaum and Morgan Skenderian, Paul Espinosa
Sold by Morgan Skenderian, Damien Breaux
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Schools
Schools serving 24502 Bendricon Ln
School District:Saddleback School District
Rating | Name | Grades | Distance |
---|---|---|---|
23391 Dune Mear Rd, Lake Forest, CA 92630 | K-6 | 0.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 24502 Bendricon Ln
Date
Details
Price
Change
Source
1/26/2024
Sold
$3,750,000
-5.18%
MLS
9/13/2023
Price Reduced
$3,955,000
-5.81%
MLS
8/11/2023
Listed
$4,199,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
24502 Bendricon Lane, Lake Forest, CA 92630 (MLS# PW23149699) is a Multi-Family property that was sold at $3,750,000 on January 26, 2024. Want to learn more about 24502 Bendricon Lane? Do you have questions about finding other Multi-Family real estate for sale in Lake Forest? You can browse all Lake Forest real estate or contact a Coldwell Banker agent to request more information.